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Joseph Gomeztagle
Executive Director
Operation TEN
St. John, IN

Greater Northwest Indiana Association of Realtors
Pat Pullara
Chief Operating Officer/Government Affairs
pat@gniar.com
http://www.gniar.com/

Maurice M. Eisenstein
Political Science Professor
Purdue University Calumet
Hammond, IN

Jeffrey Held
Computer Programmer Munster, IN

D an Jordan
Master Marketing/Jordan Realty
Crown Point, IN

Ranjan Kini
Professor of IMS
Indiana University Northwest
Gary, IN


Steve Munsey
Senior Pastor
Family Christian Center
Munster, IN

Dave Van Dyke
President
Precision Construction
Highland, IN

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Browse the Glossary by letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Air rights  -  The rights to use space above real estate.
 
Allocation method  -  A method use to value land, in the absence of vacant land sales, by using a typical ratio of land to improvement value. Also called land ratio method.
 
Amortize  -  (1) To consider, for accounting and management purposes, one usually large investment at a single time as really being a series of smaller expenses over a period of time. (2) To repay a loan., for the example, a mortgage, by means of a series of small payments, usually a combination of principal repayment and interest changes, rather than one lump sum at the end of the term.
 
Annuity  -  A series of payments (often, but not necessarily, equal) receivable at regular intervals.
 
Appeal  -  A process in which a property owner contests an assessment either informally or formally.
 
Appraisal  -  An estimation of value .
 
Appraisal date  -  The date as of which the assessments for a tax year are made. For example, if January 1 is the assessment date and a lot is vacant on that date, the property is appraised and assessed as vacant land even though a building is completed on it in April o and the assessment roll may not be final and made public until March 10.
 
Appraisal ratio  -  (1) The ratio of the appraised value to an indicator of market value. (2) By extension, an estimated fractional relationship between the appraisals and market values of a group of properties.
 
Appraisal ratio study  -  A ratio study using independent ôexpertö appraisals as indicators of market value .
 
Appraisal-sale price ratio  -  The ratio of the appraised value to the sale price (or adjusted sale price ) of a property.
 
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Operation TEN is an unprecedented coalition of economic educators from the universities of Indiana to raise the public's level of awareness about taxes, economic growth and government effectiveness.


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